Ontario home prices need to drop more than $300,000 to be affordable for millennials
A new study by Generation Squeeze in Vancouver found average home prices in Canada need to drop by nearly 50% for a typical 25-34 year-old (let’s call them millennials) to afford an 80% mortgage on an average priced home. Or, their earnings need to double
Generation Z will soon have the most purchasing power
It looks like millennials have officially taken over the City of Toronto, but they won’t hold their top position long as Generation Z is on the rise.
More than half of Canadian millennials considering buying a recreational property
According to the 2019 RE/MAX Recreational Property Omnibus Survey, 56% of Canadian millennials are considering buying a recreational property. This is a 14% increase compared to last year.
How millennials influence homebuying patterns in the Greater Toronto Area
A recent report from RE/MAX of Ontario-Atlantic Canada says that homebuying activity in the Greater Toronto Area has shifted to the west, but millennials may swing activity back to the east in the near future.
Only 18% of young Canadians putting off buying a home due to current debt load
Recently, Angus Reid Institute, in partnership with the Globe and Mail, released the results of a new public opinion poll about Canadian debt.
Fewer millennials are buying homes in Canada
The Canada Mortgage and Housing Corporation released the results of its annual Mortgage Consumer Survey, providing insights on the behaviour, attitudes, and expectations of Canadians who are acquiring, renewing, and refinancing a mortgage.
More than 90% of millennials are concerned about affording a home in the GTA
The Building Industry and Land Development Association, along with the Toronto Real Estate Board, released its final set of data from their Ipsos poll regarding voters’ concerns in the upcoming municipal election.
Are baby boomers buying homes for their kids?
The latest report from credit specialist, TransUnion Canada, found that mortgage activity across Canada is slowing, but those aged 54 years and up are bucking the trend.
How to prepare your new condo for your first baby
There are so many reasons why more couples are or will be raising babies in condo units in and around the Greater Toronto Area.
Baby boomers are about to flood the condo market
Baby boomers are about to impact the condo market in a big way, according to the results of the Royal LePage Boomer Trends Survey, conducted by Leger.
